POLL: Do you use Bitcoin?

[Deleted member 546149]

Bitcoin has certiantly grown popular in the years, do you use it?

 

[Seliph]

Don't like the stuff, bitcoin farms are terrible for the environment and ruin the price of GPUs for normal consumers and it's only getting worse with NFTs.

https://www.mic.com/p/bitcoin-minin...unks of land,just as damaging: Bitcoin mining.

 

[Deleted member 546149]

Don't like the stuff, bitcoin farms are terrible for the environment and ruin the price of GPUs for normal consumers and it's only getting worse with NFTs.

https://www.mic.com/p/bitcoin-mining-is-horrible-for-the-environment-heres-what-we-can-do-about-it-59671249#:~:text=Excavating large chunks of land,just as damaging: Bitcoin mining.

Can't blame you for that

 

[SAIYAN48]

I'd like to have them, worth some decent $$$.

 

[AncientBoi]

I only use star treks insignias and coms. they are gold.

 

[M7L7NK7]

What do you mean use? Spend? If you spend it you're insane, if you mean being invested in it then yes

 

[Viri]

I like how there is a warning at the top of this thread, lol. And no, I do not.

 

[Hayato213]

I only bought bitcoin to pay for other stuffs that don't accept us credit cards or paypal and use crypto currency as one of their payment method, site like 1fichier.

 

[Deleted member 397813]

ethereum all the way BAYBEEEEEEEEE

 

[DinohScene]

Bitcoin... I got some.
Ethereum, I got more then some.

The latter is being used to pay off a huge debt once it's reached that height.
Far far wiser course of action then to recklessly spend it.

 

[spotanjo3]

No. I am staying with 1990's. I am not into 2000's and the future at all. No thanks.

 

[Luke94]

I don't know how it works.

 

[M7L7NK7]

You buy it and hope it goes up

 

[AkikoKumagara]

I mine and then sell whenever I think the time is right. I'm pretty good at guessing when the price is going to drop or when it's at or near a peak. I don't hold on to any long-term but will start doing so when I'm a little better off financially.

 

[Alexander1970]

No and no other Cryptocurrencies.....I think...

 

[Julie_Pilgrim]

It's shitty for the environment, and it's the reason me and many others can't get a gpu

 

[dAVID_]

Bitcoin has no practical purpose. If it's privacy you want, then Bitcoin is not the answer, as all transactions on the blockchain are public. The moment you turn your Bitcoin into usable money (e.g. USD), any semblance of privacy is destroyed, as you'll have to declare that income to the IRS or risk hefty fines and/or prison time. If you want to use it as a regular currency (in other words, you're not just buying Bitcoin hoping the price will hike), you'll quickly realize that transactions on the blockchain are painfully slow, with a maximum of seven (7) transactions per second at any given time. This is why Bitcoin transactions take an hour to complete on average.
Then there are the fees. A $17 fee on any transaction of any amount means that Bitcoin is completely useless for transferring small amounts of money.
Bitcoin, in its current state, is a burning pile of shit.

 

[AkikoKumagara]

It's shitty for the environment, and it's the reason me and many others can't get a gpu

Big agree that mining farms are absolutely toxic. I think retailers need to start assuring that this doesn't happen by limiting orders and requiring some sort of customer verification to limit purchases of high-demand items, especially when supply is as low as it's been.

 

[Julie_Pilgrim]

Bitcoin has no practical purpose. If it's privacy you want, then Bitcoin is not the answer, as all transactions on the blockchain are public. The moment you turn your Bitcoin into usable money (e.g. USD), any semblance of privacy is destroyed, as you'll have to declare that income to the IRS or risk hefty fines and/or prison time. If you want to use it as a regular currency (in other words, you're not just buying Bitcoin hoping the price will hike), you'll quickly realize that transactions on the blockchain are painfully slow, with a maximum of seven (7) transactions per second at any given time. This is why Bitcoin transactions take an hour to complete on average.
Then there are the fees. A $17 fee on any transaction of any amount means that Bitcoin is completely useless for transferring small amounts of money.
Bitcoin, in its current state, is a burning pile of shit.

So, it destroys the environment, and doesn't even have the privacy benefit

 

[Louse]

not yet

EDIT: i blame my gamer chair